Re: TI-H: Re: y2k
[Prev][Next][Index][Thread]
Re: TI-H: Re: y2k
In a message dated 12/30/1999 12:23:28 AM Eastern Standard Time,
byucnslr@yahoo.com writes:
<< well think about this way...
if the bank system did crash then they'd owe us money
becuase they wouldn't be able to pay it off. and by
the time everyone puts their money back into the bank
we'll be rolling in dough
>>
People said the same thing when the first bank collapse (Panic of 1837). But
things dont work that way, when a bank doesnt have money, they go out of
buisness in short order. The only people that are rolling in dough are the
ones who borrowed money, and now have no one to pay back. The rest of us get
exactly what we had in, with a limit of $100000. Tip for all you rich folks:
never keep more than 100 grand in one account!
Jeff Barrett